In a recent interview on Bloomberg TV, Jamie Dimon, CEO of JPMorgan Chase, reiterated his strong skepticism towards Bitcoin. Despite JPMorgan’s involvement in BlackRock’s spot BTC exchange-traded fund (ETF), Dimon referred to Bitcoin as a “fraud” and a “Ponzi scheme.”…
Jamie Dimon’s Critique of Bitcoin Amid Financial Innovations and Challenges
Jamie Dimon, the CEO of JPMorgan Chase, one of the world’s preeminent banking institutions, recently shared his views on Bitcoin during a speech at the Australian Financial Review business summit. In his remarks, Dimon highlighted the distinction between the innovative…
Institutions Don’t See Value in Crypto – JPMorgan Survey
JPMorgan conducted an e-trading survey that involved 835 institutional traders from 60 locations. The survey aimed to get the views of traders regarding upcoming trends and hotly debated topics. The questions were not crypto-specific but rather aimed to get an…
Bitcoin a Hyped-up Fraud and a Pet Rock – JPMorgan CEO
Bitcoin (BTC) has its share of haters. One of the most prominent is JPMorgan’s Chairman and Chief Executive Officer, Jamie Dimon. He has been a Bitcoin critic for years and even described the top cryptocurrency project as fool’s gold and…
High Stakes Trial of Avi Eisenberg Involves Alleged 110 Million Dollar Theft from Mango Markets Crypto Exchange
In the high-stakes trial of Avi Eisenberg, a 28-year-old trader, federal jurors in New York were presented with divergent narratives regarding his alleged manipulation of the Mango Markets cryptocurrency exchange, resulting in the theft of a staggering $110 million. The…
Bitcoin’s Long-Term Investors Now Possess More Than 76% of All BTC for the First Time. Details below
In the ever-fluctuating world of cryptocurrencies, Bitcoin, affectionately known as BTC, is currently undergoing a transformation that is sending shockwaves through the market. Regardless of whether you are an experienced BTC price speculator or a newcomer to the crypto arena,…
